HS Code:
The Articles for the Commodity Credit Corporation category, often associated with specific HS codes related to agricultural commodities and related articles under various programs of the Commodity Credit Corporation (CCC), includes goods such as grains, dairy products, and other agricultural products supported by government-backed loans and subsidies in the United States. The CCC facilitates price support and stabilization for farmers, and the trade of these articles is heavily influenced by domestic agricultural policies, international trade agreements, and global supply-demand dynamics. This category often involves bulk commodities intended for export or domestic distribution under specific regulatory frameworks.
Total Trade Volume
Approximately $25 billion USD
Data from 2022
Source
United Nations Comtrade Database and USDA Reports
$15 billion USD
60% of total trade of total trade
Increasing
$3 billion USD
12% of total trade of total trade
Stable
$2.5 billion USD
10% of total trade of total trade
Increasing
$1.8 billion USD
7% of total trade of total trade
Stable
$1.2 billion USD
5% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
15% (applied by certain countries on specific agricultural products)
Lowest Rate
0% (under free trade agreements like USMCA)
Increased demand for sustainable and organic commodities
Drives shift in CCC-supported programs toward environmentally friendly farming practices, influencing export patterns
2021-2022
Rising geopolitical tensions impacting trade routes
Disruptions in key markets like China and Russia have led to diversification of export destinations for CCC commodities
2022
Technological advancements in agriculture
Improved yields and storage technologies have increased exportable surplus under CCC programs
2020-2022
Phase One trade deal commitments have led to increased purchases of CCC-supported agricultural products by China, though tensions remain over tariff retaliations.
January 2022
Temporary boost in trade volume but long-term uncertainty persists
The U.S. Department of Agriculture announced an additional $3 billion in funding for CCC programs to support farmers amidst global supply chain disruptions.
March 2022
Increased availability of commodities for export, stabilizing domestic prices
A recent WTO panel raised concerns over CCC subsidies exceeding agreed limits, prompting discussions on potential reforms.
September 2022
Possible reduction in subsidized exports, affecting global competitiveness